Agent's Authority

Agent's Authority

The ability of an agent to act on behalf of a client in a way that binds the client. There are four types of agent's authority. Actual express authority is authority the client states in a contract given to an agent. Apparent authority is given verbally by the client. Implied authority is considered by the agent to be necessary to perform duties given under actual express or apparent authority. Finally, inherent authority is that which occurs when the agent exceeds his/her actual express authority only slightly and performs similar actions.
References in periodicals archive ?
The Company has revoked the agent's authority and is fully cooperating with U.
Tiernan in his article entitled "Florida Durable Powers of Attorney, Exploring the Limitations of an Agent's Authority.
The managing agent's signature may be ineffective unless: (i) the notice does not threaten or seek termination of the lease; or (ii) the tenant has a previous track record recognizing the managing agent's authority.
income tax treaties protect foreign principals from having a permanent establishment based on their relationship with independent agents that act in the ordinary course of their business, regardless of the agent's authority to conclude contracts in the foreign principal's name.
Laws vary from state to state; some states limit the agent's authority, so it is important to become familiar with the laws in your state.
08(7)(a) clearly states that there are limits to an agent's authority.
Although some tasks can be completed without a power of attorney, many important matters require evidence of your agent's authority to act on your behalf.
T]he scope of the agent's authority is limited to what the principal has authorized the agent to do.
83) Though this holding was vacated in part after it was determined the principal may not have been deemed incapacitated--meaning the agent's authority had not yet commenced--the court recognized that an agent's power may very well extend to non-hospital settings, including where a principal should receive treatment.
It is also fascinating to contemplate, in this way, what might happen in a future case that, to some extent, coalesces around an extended version of the factual milieu of City of Calgary, with an agency scenario that raises the supposed agent's authority on behalf of its principal.